TIAA CREF Investment Management LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 67,777 shares of the construction company’s stock after acquiring an additional 1,963 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in NVR were worth $237,777,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Thrivent Financial For Lutherans lifted its position in shares of NVR by 2.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 758 shares of the construction company’s stock worth $2,659,000 after buying an additional 18 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of NVR by 3.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 686 shares of the construction company’s stock worth $2,407,000 after buying an additional 22 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NVR by 3.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 705 shares of the construction company’s stock worth $2,473,000 after buying an additional 26 shares during the last quarter. State of Wisconsin Investment Board lifted its position in shares of NVR by 0.8% during the 4th quarter. State of Wisconsin Investment Board now owns 3,415 shares of the construction company’s stock worth $11,981,000 after buying an additional 28 shares during the last quarter. Finally, Pitcairn Co. lifted its position in shares of NVR by 14.9% during the 4th quarter. Pitcairn Co. now owns 231 shares of the construction company’s stock worth $810,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.
Several analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of NVR from $3,450.00 to $3,750.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price objective for the company in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NVR presently has a consensus rating of “Hold” and an average target price of $3,064.50.
In other news, Director Melquiades R. Martinez sold 47 shares of NVR stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total value of $141,000.00. Following the transaction, the director now directly owns 178 shares of the company’s stock, valued at approximately $534,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eddie Arthur Grier sold 400 shares of NVR stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The disclosure for this sale can be found here. Insiders sold a total of 1,097 shares of company stock worth $3,373,063 over the last ninety days. Corporate insiders own 11.30% of the company’s stock.
NVR, Inc. (NYSE NVR) opened at $3,131.20 on Wednesday. The company has a market cap of $11,380.76, a price-to-earnings ratio of 24.61, a PEG ratio of 1.07 and a beta of 0.65. NVR, Inc. has a 1-year low of $1,990.00 and a 1-year high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67.
NVR (NYSE:NVR) last announced its earnings results on Thursday, January 25th. The construction company reported $43.41 EPS for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. NVR had a net margin of 8.70% and a return on equity of 38.72%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $37.80 earnings per share. analysts predict that NVR, Inc. will post 188.66 earnings per share for the current fiscal year.
NVR declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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